He was the founder of MoviePass, a subscription service for weekly movie-going that eventually failed. It claims to have over 31 million monthly active users (MAUs). All rights reserved. CCV is the first. That is why they did a reverse merger with BBIG stock. Vinco Ventures, Inc. (BBIG), a consumer products and digital marketing company which aims to advance both product and people brand recognition through our digital marketing and technology platform while reshaping how those are monetized and marketed. Sign up for email alerts to receive company updates including press releases, filings and special announcements straight to your inbox. 1125 N. Charles St, Baltimore, MD 21201. The reduction in physical shelf space and the global pandemic have exponentially increased the change in consumer behavior to favor purchasing online. Grow. Vinco Ventures (NASDAQ:BBIG) is a product research and development, manufacturing, sales and fulfillment company that runs large losses. Adding to this is news today that ZASH plans to acquire a majority stake in. A copy of the letter also appears on the Company's website and is disclosed . BBIG remains one of the most shorted stocks in the. Strategy: Buy. Vinco Ventures, Inc. (BBIG) Announces Filing of Form 10 Registration Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The Short Squeeze Score is the result of a sophisticated, multi-factor quantitative model that identifies companies that have the highest risk of experiencing a short squeeze. 2023 InvestorPlace Media, LLC. This company is seen as a possible rival to TikTok. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Note: The revenue guidance above does not include sales related to the Cloud B brand as currently those assets are being negotiated for sale and further the estimated revenue related to PPE supplies are anticipated to be recognized on a net revenue basis without including the costs of the shipped products. Such statements reflect the current view of the company with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the companys industry, its operations and results of operations and any businesses that may be acquired by the company. Vinco Ventures, Inc. Announces 'Spin Out' of Emmersive Entertainment This means that if the stock rises over $4.00, BBIG can raise an additional $130.8 million. Bethlehem, PA, May 28, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing the B.I.G. Innovate. ZASH Global Media and Entertainment Corporation is an evolving network of synergetic companies working together to disrupt the media and entertainment industry as we know it today. 1125 N. Charles St, Baltimore, MD 21201. ZASH is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events, or otherwise. Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Vinco Ventures, Inc. Reports Financial Results for the According to Media Play News, the merger is designed to make a new virtual Hollywood. The company will utilize data, metadata and the Internet of Things (IoT) to meet the ever-changing engagement and content demands of content developers, consumers and creators. So far, its not clear what their plans and product are. Back in January, it announced a reverse merger with a private media company called Zash Global Media. So far, the agreement hasnt yet closed, but hopes are that it will be approved sometime in July. Thats because these penny stocks are frequently the playground for scam artists and market manipulators. BUY: Vinco will seek to acquire one significant brand per quarter commencing with the acquisition of Honey Badger Media, the media technology platform acquisition announced today. Thank you for time and support as a shareholder in Vinco. Since BBIG stock has a market cap of just $134.91 million, according to Yahoo! things in 2021. 5 Hypergrowth Stocks With 10X Potential in 2023, ever-changing engagement and content demands, Even if Block Beats on Earnings, Stay Away From SQ Stock, Louis Navellier and the InvestorPlace Research Staff, Rare Stock Indicators Show the Market Is About to Skyrocket, 3 Stocks to Buy Before They Become the Next Trillion-Dollar Companies, Ideanomics (IDEX) Stock Surges 90% Ahead of Possible Delisting, 7 High-Yield Dividend Stocks to Buy and Hold Forever, Stock Market Crash Alert: Mark Your Calendars for May 3. The deal will close in Q3 of this year, but the record date is not yet set. In response, we have adjusted our corporate guidance in the PPE space from fiscal year 2020 to include the initial two quarters of 2021 to allow sufficient time for delivery. Aug. 30, 2021, 09:01 AM. Moreover, Farnsworth and his partner Ma control Lomotif. Ted Farnsworth, the chairman and co-founder of ZASH Global Media and Entertainment, which merged with Vinco Ventures, said this to Benzinga on July 26. To the extent any statements contained in this press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 and the information that are based upon beliefs of, and information currently available to, the companys management as well as estimates and assumptions made by the companys management. That may allow the company to raise additional capital and help fund its growth. Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday. The closing of the Lomotif acquisition by ZASH is scheduled to occur concurrently with the closing of ZASHs merger and business combination with Vinco Ventures, Inc. (Vinco), which was previously announced in a joint press release in January 2021. Such brands are ripe for consolidation, and Vinco will seek to lead the effort to consolidate those brands. The scoring model uses a combination of short interest, float, short borrow fee rates, and other metrics. For additional information about Lomotif Private Limited, please visit Lomotifs website atwww.lomotif.com. See disclosure here. Right now the company has 27.935 million shares outstanding, according to its last 10-Q. Buy - Acquisitions is our model. 500 Linden Oaks Suite 300 Rochester, NY 14625 25 2021, Published 11:47 a.m. The . Lomotif, a video and social platform similar to TikTok, lets users share short music videos. It has become increasingly popular in Asia, Europe and South America, apparently growing by over 350 million videos per month. Since BBIG stock has a. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. Jim Ulrich is an NFL and MLB-Certified Agent and sports law attorney with more than two decades of experience representing elite professional athletes. Vincos B.I.G. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. "We utilize data, metadata, and the IoT [Internet of Things] to meet the ever-changing engagement and content demands of content developers, consumers, and creators," said Vince Butta, ZASH co-founder. It is now set to merge with Zash, a media, entertainment, and content-focused technology company led by co-founders Ted Farnsworth, Jaeson Ma, and Vincent Butta. BBIG Price Action: Vinco Ventures has traded as low as $1.11 over a 52-week period. There were conflicting reports on Friday in regard to the share float size. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The trading volume for Monday's premarketsession had already exceeded 30 million at publication time. This is the proxy record date for when shareholders will need to own BBIG . In addition, the. BBIG - Short Interest - Vinco Ventures Inc Stock - Short Squeeze the parties intend to issue a formal proxy to the Vinco shareholders for the approval of the ZASH merger with Vinco on or before July 15, 2021. BBIG stock should benefit from the Lomotif news and other catalysts. In other words, you cant just say your company is worth $5 billion and provide very little financial information with which to support the statement. Vinco Ventures, Inc. (NASDAQ: BBIG) is a mergers and acquisition company focused on digital commerce and consumer brands. Investor Relations: Aimee Carroll Phone: (866) 536-0943 Email: Investors@vincoventures.com, 2020 GlobeNewswire, Inc., source Press Releases. 9 Dec 2022. 20 Million unique Sessions of unpaid traffic in one day to a directed page, 150 Million Unique visitors to owned/controlled domains a month, Generated traffic for brands ranging from travel, CBD, Credit Repair, skin cream, mens health, wrinkle cream, diet, muscle building. Vincos B.I.G. Vinco Ventures, Inc. On May 25, Vinco Ventures released its first-quarter earnings report. The capital raise deal was a convertible note that can convert into 30 million shares at $4.00. While we still remain confident in our confirmed demand and ability to supply the products required, we have taken a different approach moving forward due to the uncertainty of timing of production and transportation which has caused the additional time added to our initial guidance. Vinco Ventures (NASDAQ: BBIG) announced on July 23 it had closed the merger with a TikTok-like company called Lomotif. Jim is a partner at Enter-Sports Management, a full-service agency for professional athletes with offices in Philadelphia, Atlanta, Fort Lauderdale and Charlotte. Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surgehigher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. Forward-Looking Statements and Disclaimers. We will seek to acquire significant brands to continue to add to the Portfolio. Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash. Ms. Argall was able to expand her network after adapting to Facebooks ever-changing platform from blog +article monetization to video monetization. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that. "The unique monetization model for our global ecosystem of platforms really differentiates ZASH. BBIG Stock: 10 Things to Know About TikTok Rival Vinco Ventures Amid 31, it has just . MULN Stock Alert: UNC Charlotte Orders Mullen Vans, BBIG Stock: 10 Things to Know About TikTok Rival Vinco Ventures Amid the Merger News, Starting off, Vinco Ventures is a mergers and acquisition company focused on digital commerce and consumer brands., The company announced earlier this year that it plans to merge with. strategy will seek out acquisition opportunities that allow for generating digital traffic that will allow for growth and profitability. Strategy: Buy. These statements can be identified by the fact that they do not relate strictly to historic or current facts. That would still represent 60.9% of its market cap. (Buy. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. The market does not want to provide a huge valuation to a company that may be burning through $100 million a month or a quarter. Such information are based upon beliefs of, and information currently available to, ZASH management as well as estimates and assumptions made by ZASHs management. Vinco Ventures, Inc. (BBIG) Latest Stock News & Headlines - Yahoo Finance Nominated as a Board Member. Yangs bold vision is to build the worlds largest video vocabulary to accelerate the worlds transition to video-first expression. Edison Nation : announces the closing of a Merger Agreement with Vinco Vinco Ventures (BBIG) and ZASH Complete Acquisition of Lomotif What is up with this? Vinco Ventures Inc (NASDAQ:BBIG) is continuing to surge higher Monday morning on abnormally high volume amid increasing interest in the stock from retail traders. Mr. McFadden has been integral in the creation of several cellular communications patents in previous business experience. Having accumulated decades of collective experience across a variety of fields, our leadership team is the source of our success. Vinco Ventures Leverages Joint Venture to Pursue Lomotif Acquisition in Advance of ZASH Global Media and Entertainment Merger Bethlehem, PA, May 28, 2021 (GLOBE NEWSWIRE) -- Vinco Ventures,. US court blocks Penguin merger with rival publisher. ZASH. The social media sharing service has a focus on videos with more than 10 billion user-generated clips. As an attorney specializing in sports law, Jim handles all aspects of his clients legal needs, such as immigration, litigation, and matters involving both NFL and MLB Collective Bargaining Agreements. Tier 1 brand acquisitions generate $20M+ in top line revenue. Plus500. James Ulrich, Esq. Terms of Use. 911 Help Now Brand: $7.1M, HMNRTH/Wellness Brand $3.8M, Purple Mountain/Global Clean Brand: $8.2M, 4Keeps Roses Brand: $1.6M, Royalty Streams: $1.1M, Total Current Brand Sales: $21.8, Current Media/Technology and B to B Sales, 911 Help Now License: $2.8M, Honey Badger Media $6.4M, Business to business sales and services: $7.1M, Total Media/Technology and B to B Sales: $16.3M, Target for Additional Sales for 2021 via B.I.G. ASTS Stock Alert: Why Is AST SpaceMobile Up Today? The company emphasized that it planned on closing the merger with Zash Global Media. Copyright Investor Relations:Aimee CarrollPhone: 866-900-0992Email: Investors@vincoventures.com, Worlds Top Steelmaker Signs Deal for Saudi Arabian Steel Plant, Asia Stocks Fall as Traders Pare Risk Ahead of Fed: Markets Wrap, Japanese shares retreat on banking jitters ahead of Golden Week break, Impasse remains over Russian grain, fertilizer exports - Russia, Stocks on edge as traders wait on central bankers. The company would also have $230.8 million in cash, before about $10 million in expenses, or $220.8 million. According to the company's most recent SEC filings, Vinco lost $0.30 per share in the third quarter of 2020 on revenues of just $4.2 million. The merger between Vinco Ventures and ZASH, as well as ZASH acquiring Lomotif, is set to take place at the same time. On Penny Stocks and Low-Volume Stocks:With only the rarest exceptions,InvestorPlacedoes not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Innovate. We look forward to expanding the platform in the US market and around the rest of the world., Having had experience building another video-sharing social networking platform, it became quickly apparent that Lomotifs patented technology for mixing and video editing is second to none. said Vince Butta. Innovate. So if the stock rises to $4.00 and the warrants and convertibles are exchanged into shares, there would be 90.6325 million shares outstanding with a market value of $362.50 million. Innovate. The media and entertainment team led by Tom K. Ara and including Patrick Anding at law firm DLA Piper LLP negotiated and advised ZASH on the Lomotif deal and are also advising ZASH in its merger with Vinco. Shares of Vinco Ventures skyrocketed over 300% on Thursday after the company announced a deal to merge with digital media company Zash. In effect, Zash will become the controlling company, although it will retain the Vinco Ventures name and the BBIG stock symbol. Vinco Ventures is trending across social media platforms as traders discussthe stock'spotential as a short squeeze candidate. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. BBIG Stock Alert: Vinco Ventures Misses KEY Nasdaq Deadline, BBIG Stock Alert: Vinco Ventures Assigns New CEO, Short Interest Sector Focus: Consumer Cyclical Sector, VINCO VENTURES BOARD APPROVES NEW EXECUTIVE LEADERSHIP TEAM NAMING JAMES ROBERTSON CEO & PRESIDENT AND CHRIS POLIMENI CFO & COO, Vinco Ventures bounces off its low after CEO announcement while traders eye court case, Registration on or use of this site constitutes acceptance of our. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Strategy: Buy. All rights reserved. Vinco Ventures Wants to Beat TikTok at Its Own Game | Nasdaq Skip to main content Logo-halfwhite Created with Sketch. Innovate. That could help boost BBIG stock especially if it leads to a new cash raise. Grow. Forward-Looking Statements and Disclaimers. Mark Hake writes about personal finance onmrhake.medium.comand runs theTotal Yield Value Guidewhich you can reviewhere. It subsequently raised $100 million in cash. Heres everything potential investors need to know about the company and its upcoming merger plans. Vinco Ventures, Inc. leverages the new market opportunity by utilizing their B.I.G. Scotland business. The specific attributes of the target companies will evolve with the market, but the core focus will remain digital media and consumer product companies. Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space. The following updates have been provided. Vinco Ventures, Inc. Reports Financial Results for the Investor Relations :: Vinco Ventures, Inc. (BBIG) Vinco Ventures confirmed to Benzinga that the current float size is about 40 million shares. Additionally, we will provide separate detail revenue and margin guidance for all PPE and non PPE business going forward. Business. On May 25, Vinco Ventures released its first-quarter earnings report. The stock was up57.20% at $8.32 at publication time. Vinco Ventures, Inc. Announces Update on Lomotif and ZASH Global Media The Vinco brands receive a competitive advantage by having access to the digital traffic engine that has produced the following results: GROW: Growth is fueled through acquisition and innovation. Source: Postmodern Studio / Shutterstock.com, 5 Hypergrowth Stocks With 10X Potential in 2023, need to know about the company and its upcoming merger plans, Even if Block Beats on Earnings, Stay Away From SQ Stock, Louis Navellier and the InvestorPlace Research Staff, Rare Stock Indicators Show the Market Is About to Skyrocket, Ideanomics (IDEX) Stock Surges 90% Ahead of Possible Delisting, Stock Market Crash Alert: Mark Your Calendars for May 3, QS Stock Alert: QuantumScape Shares New Details on Commercial Timeline. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? The number ranges from 0 to 100, with higher numbers indicating . Vinco Ventures Issues Letter to Shareholders Highlighting Value This is because when a reverse merger closes, along with a capital raise and potentially dilutive warrant issues, investors get confused about where the value of the stock is at present. Driving traffic to her websitesin excess ofover150 million unique visitors monthly,Ms. Argallhas a unique ability to identify what will trend on social media and go viral. All rights reserved. "The Company's proprietary Influencer Platform led to over 2 billion video views within a 30-day period. I highly suspect that the Farnsworth people will have to raise more capital to keep LoMo running. In addition, it also issued a warrant for 32.697548 million shares with an exercise price of $4.00. quotes delayed at least 15 minutes, all others at least 20 minutes. the parties intend to issue a formal proxy to the Vinco shareholders for the approval of the ZASH merger with Vinco on or before July 15, 2021. It was also on the press release for the merger closing. The co-founders of ZASH behind this deal are former. BBIG Vinco Ventures Inc 70,736 Watch $0.1832 $0.0164 (9.83%) Today $0.18 0.0021 (1.15%) After Hours Market Cap $45.61M Volume (M) 6.81M 52-Wk High $2.35 52-Wk Low $0.15 About Feed Our strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG.